Zscaler (ZS): NASDAQ:ZS
At the American cloud company Zscaler, we have completed the first 5-wave cycle at the level of $376.11, have since developed Wave II at $84.93, and are now in the overarching Wave III, which should naturally extend far beyond our Alltime High, thus above the current Wave I to also be valid. Currently, we are in the first 5-wave impulse...
ZS is trying to reverse downtrend. Bearish upthrust has been weakening over the last two weeks and price has already set daily higher low on the pre-market. For reversal to happen bulls must protect 192.5 and build value above 196.
If the reversal happens it will probably not to last long as we're in a monthly consolidation. But it still can provide some nice...
NASDAQ:ZS , Zscaler Inc., operates in the cloud-based internet security sector, offering a range of services crucial for modern cybersecurity. Founded in 2007, the company has shown resilience and innovation in its field. Here's an analysis of its current position and investment potential.
Analysis:
1. Bullish Trend: The stock is experiencing a bullish trend,...
NASDAQ:ZS has been very "bearish" for almost month but we're still in a monthly uptrend. At the same time there are bearish exhaustion signs: weekly bearish upthrust has diminished, and value area has been overlapping for the last three days. This creates opportunity to capture possible short-squeeze.
It is a high risk trade given the context but upside can be...
Zscaler has now reached the magenta Target Zone between $195.68 and $159.11. We expect a deeper dive before the low of the magenta wave (ii) is established here. Subsequently, we expect a rise above the resistance at $259.62.
Price currently consolidating in a range but the heavy bullishness in this rising channel makes me believe that breaking above is more likely. Possible entry zones marked. Target at $270.
It's been dropping like a rock recently, but looks like it may be a good buy here at the green uptrend channel support from the April bottom. Also at megaphone support (purple). I would expect it to bounce soon and fill out the megaphone some more before breaking it out down the line.
Target 1: 250 (orange downtrend channel)
Target 2: 283 (purple megaphone...
ZS gapped down on earnings and filling the gap now.
Technically it can complete the Corrective ABC wave here and base above 180-200 .
If the broader market turns bearish, the Corrective ABC wave can turn into bearish Impulsive wave.
Long between 180-200
Stop loss 170
Target#1 - 260
Target#2 - 320, after a pullback
Target #3 - 380, after a pullback
Zscaler (NASDAQ: NASDAQ:ZS ) will release its earnings data after the market closes on Thursday, February 29th. Analysts expect Zscaler to post earnings of $0.58 per share for the quarter. Zscaler has set its Q2 guidance at $0.57-0.58 EPS and its FY24 guidance at $2.45-2.48 EPS.
Zscaler (NASDAQ: NASDAQ:ZS ) last issued its quarterly earnings data on Monday,...
The Zscaler share is currently trying to establish itself above the $227.29 mark. According to our primary expectation, it should succeed in doing so and should travel a good bit further before it discards the high of the turquoise wave 3. However, there is also a 30% probable alternative, which comes into force in the event of an imminent fall below $206.67. In...
If you haven`t bought ZS ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of ZS Zscaler prior to the earnings report next week,
I would consider purchasing the 185usd strike price Puts with
an expiration date of 2023-12-15,
for a premium of approximately $6.45.
If these options prove to be profitable prior to the earnings...
Zscaler Inc. is a cloud security company, which has developed a platform incorporating core security functionalities needed to enable access to cloud resources based on identity, context and organizations policies.
tp1 175.5
tp2 185.5
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the...
Looking at the ZS chart on a daily timeframe, and can’t help but think that it looks ready to POP (in a good way). Is it just me, or do others see/feel/believe the same?
Adding to ZS shorts now, currently up on core position. Riding the weekly 200 da MA, bearish rising wedge. 15 min lost the MA on low time frames. Not advise, good luck.
